Arrowstreet Capital Limited Partnership Boosts Stock Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Arrowstreet Capital Limited Partnership increased its position in shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) by 33.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,784,352 shares of the company’s stock after purchasing an additional 940,587 shares during the period. Arrowstreet Capital Limited Partnership owned 3.14% of ZIM Integrated Shipping Services worth $81,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZIM. JPMorgan Chase & Co. raised its holdings in shares of ZIM Integrated Shipping Services by 59.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock valued at $46,482,000 after buying an additional 674,723 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of ZIM Integrated Shipping Services by 39.5% in the 4th quarter. Allianz Asset Management GmbH now owns 1,389,034 shares of the company’s stock valued at $29,823,000 after purchasing an additional 393,215 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in ZIM Integrated Shipping Services by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock valued at $22,079,000 after buying an additional 36,692 shares in the last quarter. Quantbot Technologies LP lifted its holdings in ZIM Integrated Shipping Services by 36.0% during the 4th quarter. Quantbot Technologies LP now owns 503,711 shares of the company’s stock worth $10,815,000 after buying an additional 133,234 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter worth about $5,509,000. Institutional investors and hedge funds own 21.42% of the company’s stock.

Analyst Upgrades and Downgrades

ZIM has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Friday, March 7th. Jefferies Financial Group restated a “hold” rating and set a $18.00 price objective on shares of ZIM Integrated Shipping Services in a research report on Wednesday, March 12th. Finally, Barclays lowered their target price on shares of ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating for the company in a report on Monday, March 17th. Five equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.54.

ZIM Integrated Shipping Services Price Performance

ZIM stock opened at $14.60 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $1.76 billion, a P/E ratio of 1.22, a PEG ratio of 0.27 and a beta of 1.70. The business has a 50 day simple moving average of $18.63 and a 200-day simple moving average of $20.53. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.75 and a twelve month high of $30.15.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $1.19. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.99 billion. ZIM Integrated Shipping Services had a net margin of 19.26% and a return on equity of 48.63%. As a group, equities analysts anticipate that ZIM Integrated Shipping Services Ltd. will post 16.75 EPS for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be given a $3.17 dividend. This represents a $12.68 annualized dividend and a yield of 86.88%. The ex-dividend date is Monday, March 24th. This is a boost from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s payout ratio is 6.51%.

ZIM Integrated Shipping Services Company Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.